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OIL DROPS 20% FROM 2026 PEAK ON IRAN CEASEFIRE TALKS — ANALYSTS SAY $90–$100 RANGE AHEAD
Brent at $97, WTI at $87 as MoU negotiations progress; Iran strikes Kuwait despite talks; supply disruption persists Global oil prices retreated almost 20 per cent from their 2026 wartime peak last week, with Brent crude falling to around $97 per barrel and WTI to $87, as markets responded to diplomatic progress between the United States and Iran toward a 60-day ceasefire extension, though analysts cautioned that the underlying supply disruption from the Strait of Hormuz rema
2 hours ago2 min read
Breaking
Business
DANGOTE REFINERY BREAKS THROUGH 700,000 BARRELS PER DAY — TARGETS 1.4 MILLION BPD BY 2028
Performance test confirms capacity above nameplate; world's largest jet fuel exporter in April; expansion groundwork underway Dangote Petroleum Refinery has increased its crude oil processing capacity to 700,000 barrels per day following a successful performance test conducted by its process licensors, surpassing its original design capacity of 650,000 barrels per day and cementing its position as the world's largest single-train petroleum refinery by operating volume. The L
3 hours ago2 min read
MTN CEO: "WE WERE EFFECTIVELY BANKRUPT" BEFORE TARIFF HIKE — PLANS ₦1 TRILLION INVESTMENT IN 2026
Karl Toriola tells "Data on Trial" Lagos event tariff increase prevented network shutdown; ₦900bn invested in 2025 The Chief Executive Officer of MTN Nigeria has disclosed that the telecommunications company was on the brink of financial collapse before the Nigerian Communications Commission approved a 50 per cent tariff increase in January 2026, saying the company was unable to pay basic bills and had slipped into effective insolvency. Karl Toriola made the disclosure at a
4 hours ago2 min read
Only 1 in 10 Nigerian Women Have a Salary-Paying Job.
Only 1 in 10 Nigerian Women Have a Salary-Paying Job. 1 in 10. The World Bank Data on Nigerian Women Every Business Owner Should Read. The headline number is arresting: only 10.5% of Nigerian women in employment are in wage or salaried jobs. But the more important number for business owners is the one that comes right after it. 80.7% of Nigerian women aged 15 and above are active in the labour market. Read that again. The majority of Nigerian women are working. They are econo
Apr 132 min read
Business Confidence Is Slipping. The NESG Just Told Us Exactly Why.
Business Confidence Is Slipping. The NESG Just Told Us Exactly Why. Nigeria Is Still Growing. But Business Owners Are Feeling the Strain. The Data Explains Why. The numbers say Nigeria's business environment is expanding. Business owners know the picture is more complicated than that. The Nigerian Economic Summit Group's Business Confidence Monitor for March 2026 shows the Current Business Performance Index fell sharply from 117.2 points in February to 101.2 points — still ab
Apr 82 min read
Economy
OIL DROPS 20% FROM 2026 PEAK ON IRAN CEASEFIRE TALKS — ANALYSTS SAY $90–$100 RANGE AHEAD
Brent at $97, WTI at $87 as MoU negotiations progress; Iran strikes Kuwait despite talks; supply disruption persists Global oil prices retreated almost 20 per cent from their 2026 wartime peak last week, with Brent crude falling to around $97 per barrel and WTI to $87, as markets responded to diplomatic progress between the United States and Iran toward a 60-day ceasefire extension, though analysts cautioned that the underlying supply disruption from the Strait of Hormuz rema
2 hours ago2 min read
NIGERIA ATTRACTED $10.37BN IN FOREIGN CAPITAL IN Q1 2026 — BUT ONLY $135M WAS FDI
NBS capital importation data: 83.8% surge driven by portfolio money; factory-building investment barely registers Foreign capital flowing into Nigeria nearly doubled in the first quarter of 2026, reaching $10.37 billion, but an analysis of the data reveals that almost all of it was short-term portfolio money, while the direct investment that builds factories, creates jobs, and expands industrial capacity accounted for less than 2 per cent of total inflows. Total capital impo
2 days ago1 min read
FG PAYS ₦700BN TO 1,240 CONTRACTORS — ₦436.6BN DISBURSED IN MAY ALONE
Finance Ministry targets SMEs and indigenous firms; ₦1.7trn budgeted in 2026 for full clearance The Federal Government has paid more than ₦700 billion in verified obligations to indigenous contractors since the beginning of the year, including ₦436.6 billion processed in May alone, the Federal Ministry of Finance announced Monday. The ministry disclosed that payment approvals covered more than 1,240 contractors across Ministries, Departments and Agencies, following a verifica
2 days ago1 min read
NIGERIA'S TRADE SURPLUS SURGES 341% TO ₦7.55 TRILLION IN Q1 2026
NBS data: exports up, imports fall 18%; solid minerals at four-year high Nigeria recorded a merchandise trade surplus of ₦7.55 trillion in the first quarter of 2026, a 340.88 per cent surge from the ₦1.71 trillion posted in the fourth quarter of 2025, as oil exports rose and the country's import bill contracted sharply, the National Bureau of Statistics reported Monday. Total merchandise trade stood at ₦34.79 trillion in the period, with exports of ₦21.17 trillion representin
2 days ago2 min read
Tax
Sep 24, 20252 min read
Sep 24, 20251 min read
Nigeria
3 hours ago2 min read
World
3 hours ago2 min read
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